Allowed

State Bank of India v. P Mahender Enterprises

DRT10 Jul 2026OA/221/2022

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the applicant bank's Original Application for recovery of a sum of Rs.1,02,90,554/-. Ruling that the defendants are jointly and severally liable to pay the claim along with future interest and costs based on uncontradicted documentary evidence.

What did the court decide?

To pay Rs.1,02,90,554/- with future interest @10.80% p.a. and penal interest along with costs.

State Bank of India versus P Mahender Enterprises — Banking and Recovery | DRT (2026)

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''ORIGIITTAL'

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IN THE DEBTS RECOVERY TRIBUNAL.I] AT HYDERABAD DATED THIS THE 1OTH DAY OF JULY, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.

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PRESIDING OFFICER

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Original Application No: 221 OF 2022

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State Bank of India., Nacharam SME Branch, Opp: NTR Horticulture Cine Studio Main Road Nacharam, Hyderabad - 500076. Rep. by its Authorized Signatory.

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...Applicant

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Versus

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M/s. P. Mahender Enterprises., Rep by its Prop: Mr. Ponnala Mahender, D.No.4-6-155, Durga Nagar, Nacharam, Uppal, Medcha I Malkajqiri District - 500076.

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Mr. Ponnala Mahender, S/o. Sri. Ponnala Mogulaiah, R/o. H.No.4-6-155, Durga Nagar, Near Pochamma Temple Nacharam, Uppal, Medchal Malkajgiri District - 500076.

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M/s. Sri Padmavathi Road Lines., Rep by Prop. Mr. Nettimi Dharani Kumar R/o. Akkireddypalem, Near B P Petroleum BunK,NH5,BHPVPoSt Visakhapatnam - 530012.

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...... Defenda nts

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?":"frrhxyn- L

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Cou nsel for the Applicant

Defendants

:Ex-parte

:: O R D E R ::

The Applicant Bank filed the present OA for the recovery of a sum of Rs.1,02,90,554/- from the defeq{iants jointly and severally with QY*'u

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oA.No.227/20.22

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future interest @10.80o/o p.a. and penal interest @2olo from the date of application till the date of realisation along with costs.

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Summons served on D1 to 3. They were set ex-parte on 24-08.2022 as called absent and no representation.

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The Applicant Bank examined R Loganathan, Legal Manager as AW1 and marked 11 documents through hlm as Ex. A.1 to Ex. A.11.

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Heard the Ld. Counsel for the Applicant Bank. Perused the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.11 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to pay the OA claim to the Applicant Bank with future lnterest and costs.

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In the result, the present Original Application No.227/2O22 is allowed as under: -

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i) The Defendants are^jointly and severally liable to pay to the Applicant Bank a sum of Rs.1,02,90,554/- with future interest @10.80o/o p.a. simple, from the date of apptication ti the date ot reatization.,7ffyo1,$

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OA.No.Z2L|2O22

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ii) the applicant bank is also entitled to proceed against the person and properties of the defendant for

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realization of its d ues;

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iii) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the^parties concerned. (Dictated to the steno., transcribed by him, corrected, signed and pronounced by me in the open^(ourt on this the 10'5 day of luly, 2026).

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PRESIDING OFFICER

State Bank of India v. P Mahender Enterprises

Case brief

What is this about?

What did the court decide?

State Bank of India v. P Mahender Enterprises

Case brief

What is this about?

What did the court decide?

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